NS&I 3 Year Bond 2.20%

Threewheeler

What about the five year term issue 51? For customers renewing a maturing bond, how does the maths work for cashing in part?

honestsammy

Sorry for a bit of a noddy question, and I think I already know the answer to this but....

When you open the account you invest a lump sum, but can you continue to add money like a regular saver or do you have to open a new bond every time you want to invest new money?

ColdIron

It's a new bond every time

27. As Bonds have a specified term, it is not possible to
invest further money in a particular Bond once it has been
issued. Where a person purchases Bonds of a particular Issue
on different dates, a new Bond will be issued in respect of
each purchase.

https://www.nsandi.com/files/published_files/asset/pdf/guaranteed-growth-bonds-brochure-print-friendly.pdf

honestsammy

Thanks ColdIron - I thought so. Off to open my bond now!

xiox

Looks like these are down to 1.95% now.

RG2015

xiox wrote: »

Looks like these are down to 1.95% now.

The £3,000 one is still available at 2.20%

adindas

Does anyone think that this saving account could be better than 10x Virgin money regular saving account @2.25% managed under one umbrella. You could also include branch products if there is a brach nearby. My personal opnion. VM RSA a/c is more flexible and you could transfer it to your Bank A/C anytime you want to and and then get back again when you do not need it.

But I am aware that it might fit to some people if they are having too much cash to save and do not want to take a risk in investing. But for most people it is probably not.

RG2015

adindas wrote: »

Does anyone think that this saving account could be better than 10x Virgin money regular saving account @2.25% managed under one umbrella. You could also include branch products if there is a brach nearby. My personal opnion. VM RSA a/c is more flexible and you could transfer it to your Bank A/C anytime you want to and and then get back again when you do not need it.

But I am aware that it might fit to some people if they are having too much cash to save and do not want to take a risk in investing. But for most people it is probably not.

You have a point but to beat the 2.20% from NS&I I would need to start 20 months ago.